Centex CEO sees more home foreclosures ahead
NEW YORK, Jan 30 (Reuters) - The head of U.S. home builder Centex Corp (CTX.N: Quote, Profile, Research, Stock Buzz) said on Wednesday that he sees more home foreclosures which could continue to send down home prices.
"Looking ahead we expect economic conditions to soften and foreclosures to increase and with that pressure on house prices may continue," Timothy Eller, Centex's chairman and chief executive, said during a conference call with analysts. (Reporting by Ilaina Jonas, editing by Dave Zimmerman)
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